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Jul 24, 2011
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, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have to accept it. so, both sides have these weakness in their bargaining positions. >> jamie: byron york of the washington examiner, i know you wrote a great piece on this yesterday and we'll follow your commentary how things are going in washington. thanks for weighing in, today. >> thank you, jamie. >> eric: right now it is ten at night in hong kong and 11:00 at night in tokyo and, in hours when the traders wake up and go to work, what will happen? all eyes are anticipating what could happen when trading beginnings in
, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have...
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Jul 24, 2011
07/11
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there is a big difference. i'll continue that and you made a comment about the economy and interest rates in terms of what is happening. understand why is it that countries such as china and japan who have $2 trillion of our debt, why is it they are happy to buy at zero interest? they are buying the country and economy and world leadership. they are not buying the treasury performance they are buying our country's performance. >> gregg: legendary investor stanley drukenmiller he says it's not going to be catastrophic. he says the bigger danger than a technical default is raising the debt ceiling without any conditions to control spending. he is right? >> he is right. i'll take it further. what is wall street wants? wall street doesn't want answers they want clarity. show a flame work. i think we'll be fine. >> gregg: thank you on. >> heather: new details of two deaths of a pharmaceutical executive. you may remember the girlfriend found dead hanging from a balcony in the mansion. six-year-old son apparently died
there is a big difference. i'll continue that and you made a comment about the economy and interest rates in terms of what is happening. understand why is it that countries such as china and japan who have $2 trillion of our debt, why is it they are happy to buy at zero interest? they are buying the country and economy and world leadership. they are not buying the treasury performance they are buying our country's performance. >> gregg: legendary investor stanley drukenmiller he says it's...
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Jul 2, 2011
07/11
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. >> president obama drawing a big line in the sand today. delivering a fiery weekly address repeating challenge to republicans to act -- to accept higher taxes on the wealthy. peter doocy reports from washington. >> reporter: today is july 2nd. the administration says the debt limit will be reached august 2nd. president obama says to tackle our massive national deficit, tax breaks must be targeted with wasteful spending but nothing is off the table. and it is time the government stars living within its means like families do. >> the president: it would be nice if we could keep every tax break, but we can't afford them. if we choose to keep those tax breaks for millionaires and billionaires or hedge fund managers and corporate jet owners or for oil and gas companies pulling in huge profits, without our help, then we'll have to make deeper cuts somewhere else. >> reporter: the president says anything is possible. most republicans are probably going to disagrees. they will not get behind any tax hike. in the weekly gop address senator coats fro
. >> president obama drawing a big line in the sand today. delivering a fiery weekly address repeating challenge to republicans to act -- to accept higher taxes on the wealthy. peter doocy reports from washington. >> reporter: today is july 2nd. the administration says the debt limit will be reached august 2nd. president obama says to tackle our massive national deficit, tax breaks must be targeted with wasteful spending but nothing is off the table. and it is time the government...
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Jul 23, 2011
07/11
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that's my big worry. soy far the -- so far the markets are calm, surprisingly so to me >> arthel: the average person is caring about their jobs and whether people are going to start hiring them and they are not going to charge too much interest rate. we could go on. >> businesses are afraid to hire, because deficits crowd out the economy. i think that's why unemployment is remaining high. >> arthel: i feel like it is turning into this political football. i think the average person is getting to the point where who should they believe? they are telling me that we have to stop now. gary, i've enjoyed the conversation, but i must end it there, thank you for your time >> my pleasure. >> rick: 15d news out of london today. sing -- sad news out of london today. er amy winehouse is dead. -- the cause of death not immediately clear the 27-year-old had a history of struggling with drugs and alcohol for years. >> her death this is very odd, winehouse becomes the latest singer to join the so-called forever 27 club.
that's my big worry. soy far the -- so far the markets are calm, surprisingly so to me >> arthel: the average person is caring about their jobs and whether people are going to start hiring them and they are not going to charge too much interest rate. we could go on. >> businesses are afraid to hire, because deficits crowd out the economy. i think that's why unemployment is remaining high. >> arthel: i feel like it is turning into this political football. i think the average...
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Jul 23, 2011
07/11
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president obama has shown he is willing to get big things done. take on the big issues. he's shown that with the historic health care reform bill that he was able to get passed, when many other presidents have not. republicans know this as well as anybody that's why they are throwing up roadblocks at every opportunity to prevent him from getting something big done. >> heather: how about this, if by some miracle of miracles we reach agreement in time, who gets the credit? not necessarily who is to blame. who gets the credit if we manage to do this? >> the media will make it out president obama's leadership. the reality is we have to compromise. tax hikes -- are not a solution. we have to go dollar for dollar debt sealing to debt and cut it. and move on from there. >> heather: christie? >> i think that president obama will be seen as the responsible leader in these negotiations. republicans have walked away from the table. they've left him at the alter, if you will. >> you guys are in control of washington, not us. >> americans are seeing the irresponsible lengths that rep
president obama has shown he is willing to get big things done. take on the big issues. he's shown that with the historic health care reform bill that he was able to get passed, when many other presidents have not. republicans know this as well as anybody that's why they are throwing up roadblocks at every opportunity to prevent him from getting something big done. >> heather: how about this, if by some miracle of miracles we reach agreement in time, who gets the credit? not necessarily...